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$ 1,500,000
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Active
172-02 Linden BLVD Jamaica, NY 11434
2,321 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 980052
Rental Info No
Year Built 1931
Annual Tax Amount $18,854
Lot Size 2,321 Sqft
Acres 0.0533
Property Sub-Type Mixed Use
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 8.92 Cap 5 Unit 3,600+ Sqft. Corner Mixed-Use Building On Linden Blvd. For Sale!!! The Property Features Excellent Signage, Great Exposure, R5B/R3X/C2-3 Zoning, High 10' Ceilings, Basement, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamaica 1 Block From Merrick Blvd. & Minutes From The St. Albans LIRR Station!!! The Property Has 21' Of Frontage On Linden Blvd. & 117' Of Frontage On 172nd St.!!! Neighbors Include Chase Bank, Citizens Bank, The Home Depot, Stop & Shop, Crunch Fitness, AutoZone, Mobil, Conoco, McDonald's, Domino's Pizza, Papa John's, IHOP, Liberty Tax, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26.
Apt. 4 (1 Br.): $19,800 Ann.; M-M.
Tax Rebate (Paid By The Store): $5,000 Ann.
Water Rebate (Paid By The Store): $6,000 Ann.
Pro Forma Gross Income: $160,700 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,706.32 Ann.
Total Expenses: $26,965.32 Ann.
Net Operating Income (NOI): $133,734.68 Ann. (Pro Forma 8.92 Cap!!!)
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26.
Apt. 4 (1 Br.): $19,800 Ann.; M-M.
Tax Rebate (Paid By The Store): $5,000 Ann.
Water Rebate (Paid By The Store): $6,000 Ann.
Pro Forma Gross Income: $160,700 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,706.32 Ann.
Total Expenses: $26,965.32 Ann.
Net Operating Income (NOI): $133,734.68 Ann. (Pro Forma 8.92 Cap!!!)
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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